Finance Minister Dr. Cassiel Ato Forson has announced a financing package of €323 million for the Northern Ghana Water and Sanitation Project, which aims to tackle ongoing water shortages in Tamale, Yendi, and Damongo. This package includes €98 million in grants and a €225 million highly concessional loan from the European Investment Bank (EIB).
Dr. Ato Forson made this announcement following a productive meeting with EIB Vice-President Ambroise Fayolle. He stated, “I have just concluded a productive meeting with European Investment Bank Vice-President Ambroise Fayolle regarding the financing package for the Northern Ghana Water and Sanitation Project.”
The European Commission will contribute a grant of €68 million, while Invest International, a Dutch government initiative, will add a further €30 million grant. The EIB will supply the remaining €225 million through its highly concessional facility. According to the Finance Minister, this project will help resolve recurring water shortages and enhance sanitation in the three communities.
